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Bond anticipation note

   Also found in: Acronyms 0.01 sec.
Bond anticipation note (BAN)
A short-term debt instrument issued by a state or municipality to borrow against the proceeds of an upcoming bond issue.

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In the interim the institute's board last week approved the sale of $14 million of bond anticipation notes to six California philanthropic entities.
425 million GO bond anticipation notes (BANs) lot A 'F1+', $2.
 
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